Senior Audit & Controls Specialist

Toronto Corporate Office
Etobicoke, ON M8X 2X3, CAN

About this opportunity

At Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.

Purpose of the Job:

The purpose of this job is to:

• Be accountable to lead, manage and execute assigned internal audits;
• Improve the internal control environment by addressing risks associated with business objectives and evaluating the controls in place to mitigate those risks;
• Support the Director, Internal Audit Services in developing the Credit Union, Motusbank and One Cap audit plans
• Provide value-added advice and support to business partners on the creation or modification of policies, procedures, processes, products or services to ensure an appropriate level of internal control and compliance is maintained.

This position will primarily perform audits of Corporate Office functions and will perform limited other consultative type and special engagements.

Key Responsibilities:

Internal Audit Engagements:

• Plan the scope of the audit, prepare the audit program, and determine the appropriate auditing procedures and examination techniques to be applied (e.g. computer extracts, statistical sampling, etc.).
• Perform audit assignments which involve research and analysis of the relevant policy and procedures, and an evaluation of audit related documentation as a basis for an objective opinion on the effectiveness and efficiency of operations and the adequacy of internal control.
• Establish and manage the relationship with Management of the area subject to audit
• Determine engagements that will use data mining and analysis techniques to examine 100% of the data on file or as determined by the auditor.
• Perform assigned audits, taking a hands-on and risk-based approach.
• Provides recommendations relative to the design and effective operation of internal controls.
• Develop the report based on analytic results and provide feedback to management as appropriate to address opportunities for improvement.
• Document conclusions; organize and reference work papers for review.
• Perform opening meetings to explain the scope and objectives of the engagement and provide an overview of all steps in the audit process;
• Perform closing meetings at the end of fieldwork, providing clear explanations for the results of analytics as required.
• Prepare working papers in accordance with established guidelines within the Internal Audit Services manual.
• Prepare formal written reports covering the results of assigned engagements and participates in report reviews with auditees and management.
• Compile information for periodic dashboard and/or quarterly board reporting

Other:

• Responsible for performing the annual risk assessment with Corporate Office Management of activities within the Corporate Audit Universes and updating the Corporate Audit Universes (eg Credit Union, Motusbank, and One Cap) regularly for changes in business operations.
• Aids the Director, Internal Audit Services and Vice President, Internal Audit Services in developing audit plans and risk management strategies.
• Supports the Director, Internal Audit Services and Vice President, Internal Audit Services in the development, implementation and execution of elements of the Internal Audit Services Strategic Plan.
• Contributes to the safeguarding of corporate assets and the interests of Members by ensuring that appropriate internal controls are in place and appropriate.
• Develops and maintains professional relationships with management of the Credit Union, Motusbank and One Cap. Builds collaborative partnerships with management in order to be an agent for constructive change.
• Obtains an understanding of the organization’s major systems, including the financial environment, to enhance the development of testing procedures.
• Assists the Director, Internal Audit Services and Vice President, Internal Audit Services in special investigations, as required.

Skills:

• A solid understanding of internal control concepts and experience in applying them to plan, perform, manage and report on the evaluation of various business…